Wednesday, August 13, 2008

ITT Awarded Five Year Military Sales Contract

ITT Corporation today announced that its Communications Systems business has been awarded a five-year Foreign Military Sales (FMS) contract by the U.S. Army Communications Electronics Command (CECOM).

The FMS program is the government-to-government method for selling U.S. defense equipment, services, and training to allied nations. The five-year FMS contract contains an option for a sixth year and has a potential value of $490 million over the life of the contract.

Potential products and services under the contract include communications systems, radios and associated products, components and services such as installation, training, and engineering support.
Production will primarily be completed at Communications Systems' facilities in Fort Wayne, Ind. or Basingstoke, United Kingdom.

No comments: